Tag Archives: federal Investment Tax Credit (ITC)

Solar Shingles News: POWERHOUSE to turn on in December

By John Weaver, PV Magazine

RGS Energy says it expects to deliver its first POWERHOUSE solar shingles in December. RGSE projects revenue from an average POWERHOUSE kit sold to a roofer – 6.3 kW worth, including shingles, inverter, monitoring, non-electrical balance of system components and freight charges to be $19,000. The company expects a 30% gross profit margin on the product, with the overall department making $17 million on $127 million worth of sales. If these $127 million in reservations turn into orders, and the average cost per watt of the kit sticks at $2.80 per watt, then current order queue is approximately 45 MW-DC worth of product. Read more here.

  • The Federal Investment Tax Credit (ITC), currently 30%, reduces the cost of the $19,000 POWERHOUSE Kit by $5,700 to $13,300.
  • Established in 1978, RGS Energy is a Real Goods Solar Company that has installed over 25,000 solar energy systems for homes, businesses, schools, government facilities, and utilities across the country, totaling more than 260 megawatts.

MORE NATIONAL / GLOBAL NEWS

Global Floating Solar Capacity Surpasses 1 Gigawatt, CleanTechnica
The new hot trend in renewable energy technologies seems to be to test whether it will float, and a new report from the World Bank published last week revealed that there is currently 1.1 gigawatt (GW) worth of floating solar around the globe and that the market could potentially support up to 400 GW worth of total capacity. Photo: Floating PV Power Plant, Sungrow, in China. How Much Power is 1 Gigawatt?, DOE

NEWS FROM OTHER STATES

Voters Raise Nevada Renewables Goal to 50%, NV Energy Has $2B Plans, CleanTechnica. Nevada voters approved a measure (Question 6) to increase the renewable energy portfolio standard for state utilities from 15% in 2025 to 50% by 2030, a goal for which NV Energy is preparing with $2 billion worth of requests for proposals this year. On the other hand, Nevada voters squashed a different electricity utility measure (Question 3) with an equally lofty goal of ending the virtual monopoly for NV Energy in the state, despite substantial groundswell prior to the Nov. 6 vote. The renewable portfolio measure was an initiative backed by NextGen Climate Action, a PAC funded by economic activist Tom Steyer. The measure also was supported by the Solar Energy Industries Association (SEIA) and Sierra Club.

ENERGY STORAGE – FERC ORDER 841

Ahead of biggest energy storage rule change yet, US’ transmission network operators open up markets, Energy Storage News
Transmission system operators in the US have begun making their moves to accommodate energy storage into their wholesale markets, with New England ISO and Southwest Power Pool both making filings in the past month.


RESEARCH & DEVELOPMENT NEWS

Stanford researchers develop a rooftop device that can make solar power and cool buildings, Stanford News

A new rooftop device under development will be able to produce electricity from sunlight while also beaming heat directly into space to cool buildings.


INTERESTING ENGINEERING POST

How Does a Solar Power Plant Work?
A solar power plant is any type of facility that converts sunlight either directly, like Photovoltaics, or indirectly, like Solar Thermal plants, into electricity. They come in a variety of ‘flavors’ with each using discretely different techniques to harness the power of the sun. In this article, we’ll take a quick look at the different types of solar power plants that harness the sun’s life-giving sunlight to produce electricity.

ENERGY CONSERVATION


6 tips for Thanksgiving energy savings
, The Wire, OPPD Blog

Photo: Residential Energy Services Network (RESNET)

More Posts: How Does That Work?

Ohio No. 2 on federal list of new distributed wind power capacity

By Megan Henry, The Columbus Dispatch

Unlike wind power from wholesale generation where power is sent through transmission lines and substations, distributed wind power is used at or near where it is generated, according to DOE. Iowa had the most new distributed wind capacity installed in 2017 with 63.47 megawatts, according to the report.

Distributed wind systems are connected on the customer side of the meter to meet the onsite load or directly to distribution or micro grids to help grid operation or offset large loads close by, and are possible for approximately 49.5 million residential, commercial or industrial sites, according to an analysis by the DOE. The U.S. wind industry installed more than seven gigawatts of capacity in 2017, according to the report. Read more here.

DISTRIBUTED WIND ENERGY RESOURCES

INCENTIVES

Federal Investment Tax Credit for solar systems and small wind turbines: 30% through 2018 and 2019. Source: Database of State Incentives for Renewables & Efficiency (DSIRE)

RURAL ENERGY FOR AMERICA PROGRAM (REAP) GRANTS & LOANS
USDA Seeks Applications for Renewable Energy, Energy Efficiency Loans and Grants
The deadlines to apply for grants are October 31, 2018, and April 1, 2019. Applications for loan guarantees are accepted year-round. REAP helps agricultural producers and rural small businesses reduce energy costs and consumption by purchasing and installing renewable energy systems and making energy efficiency improvements in their operations.

Solar and wind power will drive the value of energy storage, remaking the power grid

By John Weaver, PV Magazine

A much heralded report shows solar and wind will lower wholesale prices, but it also shows a coming evolution in the pricing profile of the grid. These shifts in timing, shape, regularity and length will drive energy storage demand. Read the entire article here.

Photo Credit: Tesla

MORE SOLAR & WIND PLUS STORAGE NEWS & AN OP-ED

ADDITIONAL RECOMMENDED READING

US Solar market prepares for biggest quarter in history

By Kathie Zipp, Editor, Solar Power World

Photo Credit: Greentech Media

Photo Credit: Greentech Media

A new report shows 2015 shaping up to be the United States solar market’s best year in history with record-breaking fourth quarter projections. The U.S. installed 1,361 megawatts  (MW) of solar photovoltaic (PV) capacity in the third quarter of the year.  According to GTM Research and the Solar Energy Industries Association’s (SEIA) U.S. Solar Market Insight Report, Q3 2015, this marks the eighth consecutive quarter in which the U.S. has installed more than a gigawatt (GW) of PV capacity.

“This past quarter marked the calm before the storm,” said GTM Research Senior Solar Analyst Cory Honeyman. “The one-gigawatt mark for quarterly capacity additions will serve as a distant floor as project developers ramp up installations in the next five quarters before the planned step down of the 30 percent federal Investment Tax Credit (ITC).”

Read more here.